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Why Palantir (PLTR) stock price is surging today
Finbold· 2025-03-13 12:07
Core Viewpoint - Palantir Technologies is experiencing a recovery in its stock price, closing at $83.65 with a 7.17% gain on March 12, following a significant decline in February when it fell below $100, raising concerns about its long-term prospects [1][2]. Group 1: Stock Performance and Market Sentiment - The recent downturn in Palantir's stock was influenced by potential budget cuts from the Department of Defense, which poses challenges due to the company's reliance on government contracts [2]. - Investor confidence was further impacted by CEO Alex Karp's new stock trading plan, allowing him to sell nearly 10 million shares over the next six months, adding pressure to the stock [3]. - Despite these challenges, Palantir is regaining momentum as investors focus on bullish catalysts that suggest a strong long-term growth story [3]. Group 2: Growth Catalysts - A significant driver of Palantir's recent stock rally is the successful delivery of two Tactical Intelligence Target Access Node (TITAN) trucks to the U.S. Army, part of a $178.4 million contract to develop 10 AI-driven ground systems, with completion expected by 2026 [4][5]. - Palantir is expanding its commercial client base, addressing concerns over its reliance on government contracts, with the upcoming Artificial Intelligence Platform Conference (AIPCon) generating significant interest [6]. - At least nine new companies have been identified as potential clients, including Walgreens, which has a $67 million contract for prescription fulfillment and patient outreach [7][8]. Group 3: Strategic Partnerships - Palantir is entering the Asian AI market through a strategic partnership with South Korean telecom giant KT, integrating its AI-driven data analytics software into KT's cloud and network infrastructure [9][10]. Group 4: Stock Outlook and Future Prospects - Palantir's stock has surged 234% over the past year, driven by its AI-driven expansion and growing enterprise adoption, although the path to $100 in the near term remains uncertain due to defense budget cuts and economic uncertainties [11]. - The company's ability to expand into the private sector and demonstrate sustainable revenue growth through its AI solutions will be critical, with investors closely monitoring developments from AIPCon and new enterprise deals [12].
Tech Market Turmoil Adds Fuel For Direxion's Palantir-Focused Bull And Bear Funds
Benzinga· 2025-03-13 12:05
Easily one of the top market performers over the past one-year period, big data analytics specialist Palantir Technologies Inc PLTR commands serious respect, gaining almost 235%. However, some kinks are starting to appear in the company's vaunted armor. For example, in the trailing month, PLTR stock shed 29%, an uncharacteristic bout of volatility.Up until the second half of February, Palantir seemingly could do no wrong. Fundamentally, advocates of PLTR stock could point to the transformative power of arti ...
Tech Stocks Are Plummeting: 2 Artificial Intelligence (AI) Stocks to Buy Now and Hold for Decades
The Motley Fool· 2025-03-13 11:45
Technology stocks witnessed a significant pullback of late, as evidenced by the 13% decline in the Nasdaq-100 Technology Sector index in the past month. Investor sentiment soured due to the trade war sparked by the tariffs announced by the Trump administration on Canada, Mexico, and China, which led those nations to announce retaliatory tariffs on U.S. goods.The negative investor sentiment isn't surprising, as tariffs could increase the manufacturing costs for tech companies that rely on foreign markets to ...
Better Artificial Intelligence Stock: Rigetti Computing vs. Palantir
The Motley Fool· 2025-03-13 10:45
Artificial intelligence (AI) has been a hot investment sector, but AI stocks are cooling off as economic uncertainty looms amid President Donald Trump's tariff policies. This presents an opportunity to buy shares in AI companies at a lower price, improving the potential for attractive returns for the long-term investor.Two companies to consider are Rigetti Computing (RGTI 11.18%) and Palantir Technologies (PLTR 7.17%). The former builds quantum computers, which hold the promise of lifting AI to new heights. ...
Could Investing in Palantir Stock Make You a Millionaire?
The Motley Fool· 2025-03-12 20:07
Every so often, a stock captures the imagination of investors like few others can. The company's technology promises to be so innovative, so disruptive, that investors are willing to pay incredible multiples, believing that future returns justify massive current valuations.Palantir Technologies (PLTR 7.17%) is one such company. The artificial intelligence (AI)-powered juggernaut saw its stock price rise more than 1,200% in the last two years as it rode a wave of AI enthusiasm. Its ardent supporters believe ...
This Artificial Intelligence (AI) Stock Has Surged 1,000% Over the Past 2 Years. Is a Split on the Horizon?
The Motley Fool· 2025-03-12 13:58
Core Viewpoint - Palantir Technologies has experienced significant stock price fluctuations, with a recent decline of approximately 30% from its all-time high, despite a remarkable increase of about 1,000% over the past two years, driven by excitement around artificial intelligence (AI) and the company's growth potential [1][2]. Group 1: Stock Performance - Palantir's stock was at an all-time high less than a month ago but has since dropped around 30% as the Nasdaq Composite entered a correction [1]. - Despite the recent decline, the stock has increased about 1,000% over the past two years [1]. - The S&P 500 historically returns an average of roughly 10% annually, highlighting Palantir's exceptional performance relative to broader market trends [2]. Group 2: Stock Split Considerations - The primary benefit of stock splits is to make shares easier to buy or sell, potentially removing emotional barriers for investors focused on share price rather than value [5]. - Palantir's stock closed at $78, indicating that the current price is not excessively high, which diminishes the immediate need for a stock split [6]. - Recent price momentum has turned lower, with shares falling over 30% in recent weeks, which may argue against an impending stock split [9]. Group 3: Market Sentiment and Valuation - A stock split is often viewed positively when a company's stock is performing well, but could send a negative message if executed during a downturn [8]. - Palantir's current slide in share price could lead to a perception of weakness, making a stock split less likely [9]. - The company's aggressive valuation, particularly in comparison to other AI stocks, raises concerns about its sustainability, with a potential 50% drop in share price if valuation normalizes [10][12].
Palantir soars on AI-powered U.S. Army deal; Is $100 next?
Finbold· 2025-03-12 13:22
Core Viewpoint - Palantir's stock has experienced significant volatility, dropping below the critical $100 support level, influenced by both market conditions and company-specific factors [1][10]. Stock Performance - As of the latest report, Palantir's stock was trading at $82.92, reflecting a year-to-date increase of 9.63%. The stock closed at $78.05 on March 11 but saw a 6.23% rise in after-market and pre-market trading [3]. Recent Developments - The company has delivered two Tactical Intelligence Target Access Node (TITAN) trucks to the U.S. Army as part of a $178.4 million program, with plans to deliver ten vehicles by 2026 [5][6]. - Palantir's internal estimates suggest a potential full order of 100 to 150 vehicles from the Army, although reliance on government contracts poses risks for future growth [8]. New Customer Acquisition - Palantir is expanding its client base in the private sector, with over 20 new clients, including notable companies like Walgreens, Delta Air Lines, and Heineken, as revealed during the upcoming Artificial Intelligence Platform Conference [9]. Market Sentiment and Valuation - The market sentiment has shifted, making a $100 price target less realistic, especially with potential budget cuts to the Pentagon and broader economic concerns such as inflation and recession [10][11]. - While Palantir has shown the ability to attract investor confidence and future growth, sustaining a high valuation in the current environment is deemed unlikely [12].
Palantir's Stock Takes A Hit: Will AIPCon And Defense Deals Be The Comeback Catalyst?
Benzinga· 2025-03-12 12:39
Palantir Technologies Inc PLTR has been on a wild ride – up 215.99% over the past year, but down 33.51% in just the last month. The stock is now stuck below its key moving averages, flashing strong bearish signals. Can the upcoming AIPCon and a wave of high-profile deals set PLTR up for a turnaround?Is PLTR Stock Facing A Technical Knockout? Chart created using Benzinga ProPLTR stock, at $78.05, is trading below its five, 20 and 50-day exponential moving averages, signaling continued selling pressure. The e ...
Artificial Intelligence Juggernaut Palantir Is Down 32%. Is It Time to Buy the Dip in the Stock?
The Motley Fool· 2025-03-11 14:15
Is the party finally over for the shares of Palantir Technologies (PLTR 3.20%)? It took just over two years for the stock to rise from the $6 per share range to the all-time closing high of $124.62 per share. Still, within less than a month, it has surrendered 32% of its value.Admittedly, most of the run-up occurred over the previous four months, which may add to the uncertainty about its price. Hence, the question for investors is whether the 32% decline is a natural pullback after a rapid increase, or is ...
Trump Is Tanking AI Stocks. Buy the Dip in Palantir and These 4 Names, Analyst Says.
Barrons· 2025-03-11 11:42
Trump Is Tanking AI Stocks. Buy the Dip in Palantir and These 4 Names, Analyst Says. ...